Price:
Product (Yuan/t) | 07/21/23 | Prev. Week | W/W % | Prev. Month | M/M % |
Electroplating nickel sulfate crystal | 40,000 | 40,000 | 0.0% | 41,000 | -2.4% |
Battery-grade nickel sulfate crystal | 32,500 | 32,500 | 0.0% | 31,000 | 4.8% |
Supply and Demand:
The production of nickel sulphate in China and Indonesia has been picking up. The demand of downstream ternary precursor manufacturers rose slowly, leading to gradual supply surplus.
The prices of nickel sulphate inched down as the buyers were reluctant to purchase high-priced nickel sulphate amid the increasing MHP supply.
According to Mysteel, it is expected that the prices of nickel sulphate will be vulnerable to the supply growth of intermediates in the short term.
Written by Alex Xie, xiehan@mysteel.com
Edited by Aggie Hu, huchenying@mysteel.com